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  3. 12th Class
  4. Economics
  5. Money And Banking

12th Class Economics Money And Banking Question Bank MCQs - Money and Banking

  • question_answer
    ........... refers to money backed by the order or authority of the government.

    A) Legal tender money

    B) Fiduciary money

    C) Fiat money

    D) Both [a] and [c]

    Correct Answer: D

    Solution :

    Legal tender money and fiat money are one or the same thing and backed by the government authority.


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